S-Crow
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Peter Schiff forecasting oil to be $125-$150 by years end. From Bloomberg, Feb 20th: `We should be looking at oil in the $120-to-$150 area by the end of the year without any major changes,'' said Peter Schiff, chief executive officer of Darien…
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Sure, here's background: In Sno. Co. last year at the end of February the residential + condo inventory was reported to be about 4200 units. Currently, inventory is about 5600 units and we are not barely into February. The agents on this board…
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I meant 2004,2005,2006 ,2007. (Still learning how to quote)
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Since when did it become the norm to inflate a house's price by at least the closing costs, at each change of hands? Evidently, 2004,2005,2006,2007.
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Ardell is probably more in tune with the market than you are all giving her credit for. As a amatuer market enthusiast on a personal level (ie, I'm not an agent), one area I think I may part from is the idea that the market is normal for this tim…
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Interesting Jillayne. Makes you wonder how many of the former Merit LO's have formed other companies and still originate "business as usual"? 4 points? I've seen worse.
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All cash as well. Worked too hard to lose principle gained over the last few years.
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Cute house. But, is that daylight shining from beneath the front door?
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It is quite possible that the financing by a lender under these circumstances would structure the loan in this manner. It is not the seller that is actually paying the mortgage per se: wouldn't happen, couldn't happen.There are lenders "out there" …
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Jillayne, If Bellevue is closing, I can't imagine why they would keep Everett open. Thoughts?
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Horror- Take Jillayne's advice. The program has been circling the lending industry in one form or another for months now. Even had some LO's stop by our escrow office in Mill Creek/South Everett to inquire if we could give them some leads, bein…
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Asking price reductions have been consistenly busy for several months now and that will probably start showing in softer sold price statistics showing up in the months ahead. Builders are currently offering many incentives from buy-downs of inter…
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It's moving from ugly to uglier.
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I know of a handful of folks that were planning on refinancing when their adjustments reset. Problem is, they never planned on the "Fannie Mae and Freddie Mac adjustment." Some of these folks are going to be in serious trouble and they don't eve…
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Disagree with the idea that people with short term ARMS (3 yrs or less) with negative am. or I/O will default less than those with longer term I/O ARMS. Those with 5, 7 or 10 yr I/O ARM's are probably going to sell or ride out the market cycle (the…
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finance- re: I/O study. The leverage a large number of people are utilizing their homes for really does concern me. It's remarkable. The use of I/O loans where people have to use this financing or choose to is rampant. Reminds me of the a…
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B- Are you referring to me since I post at RCG?
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Rose colored coolaid- It's a Man Law. Couldn't resist.
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That is nutty. I'm familiar with that neighborhood and an adjacent newly built neighborhood. Take a look at how many are for sale in a 1/2 sq. mile radius on Zillow or Redfin. Just a bit off Seattle Hill Road. Took a drive through here a couple …
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HI Wanderer, Sorry for the redundancy. Yes, this is a short sale and the home appears quite encumbered. Long Beach Mortgage is the subprime arm of Washington Mutual. I have not looked up if any of the loan (s) were reconveyed (paid off)., but …
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A short sale is a term that is used to indicate that the seller may end up selling the home for less than the outstanding mortgage (s) on the home. In this case, there is a high likelyhood that this is the case. The home appears to have been fin…
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I'm a believer in that patience will pay you dividends. Get the right house & price in the right condition for you in the right location. You can't control rates in one sense, but you can control what you buy.
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Phinneygirl, Patience can pay handsome dividends.
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Phinney Girl- If you are in for the longer term-say out five years or so- don't sweat it. But the insane multiple offer biddem' up $50K over asking is largely over. It happens in pockets still, but it is not routine as it was in 06'. There i…
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Median Sales prices for Snohomish Co this Spring- Residential only: March $382,500 April $375,000 May $345, 000 Wish it were not so, but it is what it is. And with upward pressure on mortgage rates, this will be an interesting late Spr…
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A very healthy increase in inventory over the last day. Over 1200 units.
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It appears, from my sources, that median prices within specific areas are stalling. A few have dropped a bit, some more than others. Comparing YOY though would have everyone thinking that the escalator is still moving up, although slower--which i…